STHY

US Short-Term High Yield Corporate Bond Index UCITS ETF
High Yield
category / asset class
5.48%
est. yield to maturity
As of 23/10/2020
$95.61
DAILY NAV
As of 23/10/2020
-0.72%
ytd return
As of 23/10/2020

STHY

US Short-Term High Yield Corporate Bond Index UCITS ETF

why invest in this fund

Attractive Risk/Return Characteristics

Short-term high yield investors have historically benefited from a lower volatility profile than the broader high yield market, as well as the attractive returns of the asset class.

tab 1 graph

Portfolio Information

3.22 Years
Effective Maturity
As of 23/10/2020
1.76 Years
Effective Duration
As of 23/10/2020
5.48%
est. yield to maturity
As of 23/10/2020
BA+
average quality
As of 23/10/2020

Fund Facts

FUND DESCRIPTION

The PIMCO Short-term High Yield Corporate Bond Index UCITS ETF aims to provide a return that closely corresponds, before fees and expenses, to the total return of the ICE BofAML 0-5 Year US High Yield Constrained Index.

DAILY NAV PRICE
$95.61
As of 23/10/2020

Price

Trading Information


Trading Currency
USD


Exchange Ticker
STHY

Settlement Period
T+2

Bloomberg ticker
STHY LN

Trading Information


Trading Currency
GBP


Exchange ticker
SSHY

Settlement Period
T+2

Bloomber ticker
SSHY LN

Trading Information


Trading Currency
USD


Exchange Ticker
STHY

Settlement Period
T+2

Bloomberg ticker
STHY SW

Trading Information


Trading Currency
EUR


Exchange Ticker
STHY

Settlement Period
T+2

Bloomberg ticker
STHY IM

BENCHMARK INFORMATION

ICE BofAML 0-5 Year US High Yield Constrained Index

The ICE BofAML 0-5 Year US High Yield Constrained Index tracks the performance of short-term U.S. dollar denominated below investment grade corporate debt issued in the U.S. domestic market with less than five years remaining term to final maturity, a fixed coupon schedule and a minimum amount outstanding of $100 million, issued publicly. Allocations to an individual issuer will not exceed 2%. It is not possible to invest directly in an unmanaged index.

BENCHMARK INFORMATION
Data point name Data point value
Bloomberg Ticker HUCE

The fund is passively managed (i.e. tracks the ICE BofAML 0-5 Year US High Yield Constrained Index (the "Index")).

BENCHMARK INFORMATION
Data point name Data point value

Security Information

As of 23/10/2020

General

ISIN IE00B7N3YW49
AUM $1,420,159,921.92
Benchmark BBG Ticker HUCE
Number of Holdings 315
Base Currency USD
Launch Date 14 March 2012
Shares Outstanding 3,987,805
UK Reporting Status Yes
Registered for Distribution in Denmark, Finland, France, Germany, Italy, Luxembourg, Netherlands, Norway, Spain, Sweden, Switzerland, United Kingdom
Exchanges London Stock Exchange (USD), London Stock Exchange (GBP), SIX Swiss Exchange, Borsa Italiana
UCITS Yes
Dividend Treatment Monthly

Structure

Legal Form UCITS
Replication Method Physical
Domicile Ireland
Financial Year End 31 March
Equity Ratio (Tax Information for German Investors) 0.00
Use of Income Distributed

Key Service Providers

Issuer ETF Ireland
Manager PIMCO Europe Ltd
Fund Administrator State Street Fund Services (Ireland) Limited
Depository State Street Custodial Services (Ireland) Limited
Authorized Participants Bank of America Merrill Lynch, Bluefin, Commerzbank, Credit Suisse, Flow Traders, Goldenberg Hehmeyer, Goldman Sachs, JP Morgan, Jane Street, Morgan Stanley, Nomura International PLC, Unicredit, Virtu Financial

Top Ten Exposure

As of 22/10/2020

Top Ten Exposure table

Name Coupon Weight (%)
CDX HY34 5Y 5.00 16.00
REPO 0.07 4.00
REPO 0.09 3.54
REPO 0.10 3.54
FIN FUT US 5YR CBT 12/31/20 6.00 2.68
SPRINGLEAF FINANCE CORP SR UNSEC 6.13 1.41
SPRINT CORP SR UNSEC 7.88 1.32
CDX HY33 5Y 5.00 1.28
ELDORADO RESORTS INC SEC 144A 6.25 1.28
HCA INC GLBL SR UNSEC 5.88 1.23

Fund Managers

fund manager Matt Dorsten
Matt Dorsten
Portfolio Manager, Quantitative Strategy
fund manager Graham A. Rennison
Graham A. Rennison
Quantitative Portfolio Manager
As of 23/10/2020

Fees and Expenses

Name Value
Management Fee 0.55%

Because the fund is an ETF, investors will typically only be able to buy or sell shares in the secondary market, on exchange. Authorized Participants who help in the creation or redemption of shares in the primary market, may face “create” or “redeem” fees (aka “entry” or “exit” fees) on the cash portion of the transaction (up to a maximum of 3.00%). These create and redeem fees are not applicable to secondary market investors. However, secondary market investors may incur brokerage and/or transaction fees in connection with their dealings. Secondary market investors may also bear the costs of bid-ask spreads; meaning the difference between the prices at which shares can be bought and sold.

Yields

5.48%
est. yield to maturity
As of 23/10/2020
5.76%
Current Yield
As of 23/10/2020
5.55%
distribution yield
As of 30/09/2020

Recent Distributions

As of 23/10/2020
Ex-Date
15/10/2020
Record Date
08/10/2020
Distribution Per Shares
0.4084
Currency
USD

Dividends

As of 23/10/2020
Distribution Date Dist. NAV ($) Dividend Income ($) Dist. Total ($)
15/10/2020 95.29 0.408383 0.408383
17/09/2020 95.39 0.406319 0.406319
20/08/2020 94.84 0.403024 0.403024
16/07/2020 93.54 0.332316 0.332316
18/06/2020 93.55 0.500431 0.500431
14/05/2020 88.13 0.347894 0.347894
16/04/2020 89.63 0.317294 0.317294
19/03/2020 82.79 0.494562 0.494562
13/02/2020 100.43 0.378738 0.378738
16/01/2020 100.86 0.363631 0.363631
19/12/2019 100.26 0.501302 0.501302
15/11/2019 99.42 0.361575 0.361575
17/10/2019 100.00 0.390751 0.390751
19/09/2019 100.69 0.450703 0.450703
15/08/2019 99.36 0.381223 0.381223
18/07/2019 100.76 0.494944 0.494944
13/06/2019 100.60 0.472777 0.472777
16/05/2019 100.69 0.422692 0.422692
18/04/2019 101.21 0.454830 0.454830
14/03/2019 100.21 0.459474 0.459474
14/02/2019 99.70 0.413107 0.413107
17/01/2019 98.78 0.331517 0.331517
20/12/2018 96.19 0.495623 0.495623
15/11/2018 98.53 0.387674 0.387674
18/10/2018 100.20 0.456861 0.456861
13/09/2018 101.15 0.391605 0.391605
16/08/2018 100.95 0.391538 0.391538
19/07/2018 100.84 0.504393 0.504393
14/06/2018 101.28 0.390796 0.390796
17/05/2018 100.91 0.407688 0.407688
19/04/2018 101.28 0.391676 0.391676
15/03/2018 100.93 0.422224 0.422224
15/02/2018 101.03 0.384070 0.384070
18/01/2018 102.15 0.491986 0.491986
14/12/2017 101.80 0.397987 0.397987
16/11/2017 101.67 0.409732 0.409732
19/10/2017 102.84 0.514112 0.514112
14/09/2017 102.65 0.393981 0.393981
17/08/2017 102.35 0.390612 0.390612
20/07/2017 103.06 0.472061 0.472061
15/06/2017 102.91 0.398356 0.398356
18/05/2017 102.65 0.517369 0.517369
13/04/2017 102.40 0.441303 0.441303
16/03/2017 101.77 0.427788 0.427788
16/02/2017 102.33 0.395374 0.395374
19/01/2017 101.93 0.549498 0.549498
15/12/2016 101.05 0.425038 0.425038
17/11/2016 99.48 0.435107 0.435107
20/10/2016 101.02 0.541826 0.541826
15/09/2016 99.39 0.427821 0.427821
18/08/2016 99.78 0.523014 0.523014
14/07/2016 99.17 0.472986 0.472986
16/06/2016 97.02 0.447677 0.447677
19/05/2016 96.29 0.528072 0.528072
14/04/2016 95.62 0.411262 0.411262
17/03/2016 94.00 0.368803 0.368803
18/02/2016 89.71 0.498343 0.498343
14/01/2016 91.67 0.405344 0.405344
17/12/2015 93.03 0.410895 0.410895
19/11/2015 95.81 0.493121 0.493121
15/10/2015 97.83 0.390537 0.390537
17/09/2015 99.01 0.408053 0.408053
20/08/2015 99.08 0.490130 0.490130
16/07/2015 102.05 0.389566 0.389566
18/06/2015 102.68 0.490640 0.490640
14/05/2015 103.48 0.367447 0.367447
16/04/2015 103.71 0.402090 0.402090
19/03/2015 102.95 0.350960 0.350960
19/02/2015 103.39 0.378630 0.378630
15/01/2015 102.35 0.375839 0.375839
18/12/2014 102.44 0.368991 0.368991
20/11/2014 103.93 0.438704 0.438704
16/10/2014 103.28 0.350355 0.350355
17/09/2014 105.26 0.329698 0.329698
20/08/2014 106.08 0.475531 0.475531
16/07/2014 106.68 0.333585 0.333585
18/06/2014 107.25 0.436734 0.436734
14/05/2014 107.20 0.367501 0.367501
16/04/2014 107.09 0.385677 0.385677
19/03/2014 107.01 0.371284 0.371284
19/02/2014 106.90 0.452613 0.452613
15/01/2014 106.93 0.335188 0.335188
18/12/2013 106.38 0.355987 0.355987
20/11/2013 106.20 0.456898 0.456898
16/10/2013 105.49 0.381488 0.381488
18/09/2013 104.93 0.490531 0.490531
14/08/2013 104.47 0.396691 0.396691
17/07/2013 104.55 0.392889 0.392889
19/06/2013 103.98 0.515304 0.515304
15/05/2013 106.07 0.413512 0.413512
17/04/2013 105.17 0.415900 0.415900
20/03/2013 104.87 0.417464 0.417464
20/02/2013 104.37 0.512167 0.512167
16/01/2013 104.39 0.406179 0.406179
19/12/2012 103.55 0.544354 0.544354
14/11/2012 102.05 0.434456 0.434456
17/10/2012 103.03 0.305771 0.305771
19/09/2012 102.77 0.626719 0.626719
15/08/2012 101.08 0.403457 0.403457
18/07/2012 100.48 0.372309 0.372309
20/06/2012 99.79 0.470544 0.470544
16/05/2012 100.01 0.359279 0.359279
18/04/2012 100.10 0.211882 0.211882

Discrete Performance

As of 30/09/2020
ANNUALIZED RETURNS
Annual Returns
Sep `15 - Sep `16 Sep `16 - Sep `17 Sep `17 - Sep `18 Sep `18 - Sep `19 Sep `19 - Sep `20
US Short-Term High Yield Corporate Bond Index UCITS ETF 9.96 8.06 3.51 4.20 -0.73
ICE BofAML 0-5 Year US High Yield Constrained Index 10.56 8.61 4.53 3.70 -0.18
Performance - Fund vs Index -0.60 -0.55 -1.02 0.50 -0.55
As of 30/09/2020
Portfolio Composition - Sector Allocation: Market Value
category / asset class FUND Fund ratio ICE BofAML 0-5 Year US High Yield Constrained Index Index ratio
Government Related 2.69 0.00
Securitized 0.00 0.00
Invest. Grade Credit 12.26 0.00
High Yield Credit 94.79 100.00
Emerging Markets 0.38 0.00
Municipal/Other 0.00 0.00
Net Other Short Duration Instruments -10.12 0.00
Portfolio Composition - Sector Allocation: Duration
Sector Fund Fund ratio ICE BofAML 0-5 Year US High Yield Constrained Index Index ratio
Government Related 5.99 0.00
Securitized 0.00 0.00
Invest. Grade Credit 15.88 0.00
High Yield Credit 78.06 100.00
Emerging Markets 0.00 0.00
Municipal/Other 0.00 0.00
Net Other Short Duration Instruments 0.06 0.00
As of 30/09/2020
Portfolio Composition - Maturity Distribution
Years % of Fund % of ICE BofAML 0-5 Year US High Yield Constrained Index
0-1 0.00 4.00
1-3 47.00 31.00
3-5 50.00 62.00
5-10 3.00 3.00
10-20 0.00 0.00
20+ 0.00 0.00
Effective Maturity (yrs) 3.39 -
As of 23/10/2020
Portfolio Composition - Credit Rating: S&P
Quality MV (%) Fund percent
A1/P1 2.20
Below A1/P1 0.00
AAA 11.69
AA 0.00
A 0.00
BAA 10.37
BB 51.09
B 16.90
Below B 7.75

interest rate exposures

As of 30/09/2020
exposure FUND index
Effective Duration 1.82 2.17
Bull Market Duration 1.74 2.05
Bear Market Duration 1.89 2.28
Total Curve Duration -0.05 N/A

sector exposures

As of 30/09/2020
exposure FUND index
Mortgage Spread Duration 0.00 0.00
Corporate Spread Duration 2.63 2.15
Emerging Markets Spread Duration 0.00 0.02

country exposure breakdown

DISCLOSURES

Important information


Your capital is at risk. You may not get back the amount you invested. Past performance is not a guarantee or reliable indicator of future results and no guarantee is being made that similar returns will be achieved in the future.  


The information on this Website is not intended as investment advice or as a recommendation to invest in any particular asset class, security or strategy. The information provided is for illustrative purposes only, and it should not be relied upon as investment advice or as a recommendation to buy or sell securities. Investors should seek independent professional advice prior to investing. Any investment in an ETF should be made on the basis of the relevant Prospectus and Key Investor Information Documents, including consideration of the investment objective, risks, charges and expenses. Further information on the ETFs, their Prospectus, Key Investor Information Documents and Supplements are available at Fund Info or from your financial adviser or broker.  For actively managed ETFs, further information on the use of benchmarks or indices is set out in the Prospectus and relevant Supplement.

 

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UCITS ETF’s units / shares purchased on the secondary market cannot usually be sold directly back to UCITS ETF. Investors must buy and sell units / shares on a secondary market with the assistance of an intermediary (e.g. a stockbroker) and may incur fees for doing so. In addition, investors may pay more than the current net asset value when buying units / shares and may receive less than the current net asset value when selling them.

 

The information provided on this website does not constitute an offer of UCITS ETF in Switzerland pursuant to the Swiss Financial Services Act ("FinSA") and its implementing ordinance ("FinSO"), but the information on this website may be construed as an advertisement pursuant to the FinSA. The representative and paying agent for the sub-funds of PIMCO ETFs plc in Switzerland is BNP Paribas Securities Services, Paris, succursale de Zurich, Selnaustrasse 16, 8002 Zurich, Switzerland. The offering documents, articles of incorporation and annual and semi-annual reports may be obtained free of charge from the representative in Switzerland. The ETFs are domiciled in Ireland.

 

French language copies of the Sub-Fund's Prospectus, Key Investor Information Documents, articles of incorporation, latest annual and semi-annual Report & Accounts may be obtained from Fund Info


The information contained on this Website referred to the UCITS ETF Fund (the Sub-fund) of PIMCO Europe Ltd, a collective investment scheme duly registered with the Spanish Securities Market Commission (CNMV) under number 1360 (www.cnmv.es), where it may be consulted the updated list of the authorised distributors of the Company in Spain (the Spanish Distributors). The Spanish Distributors must provide to each investor, prior to subscribing the shares of the Sub-fund, a copy translated into Spanish of the simplified prospectus or KIID, when implemented, and the latest published economic report prior to subscribing shares. In addition, a copy of the report on the planned types of marketing in Spain must be provided using the form published on the CNMV website. The prospectus and the KIID (if applicable) and other legally required documents relating to the fund are available through the Spanish Distributors, in hard copy or by electronic means, and also available upon request by dialling +44 20 3640 1558, writing to iberia@pimco.com or consulting Fund Info where you may also obtain updated information on the net asset value of the relevant shares.


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